Business
Gas Just Hit $4 a Gallon. It's the Fastest Price Spike in Modern History.
The national average crossed $4.02 today, a 34.7% monthly surge that outpaces every oil shock on record, from Katrina to Ukraine.
Shaw Beckett·
Iran War
Business
Your Spring Home Purchase Just Got More Expensive, and Oil Is the Reason
Mortgage rates hit 6.53% on the first day of spring as the Iran war drives oil prices above $100, upending what was supposed to be a comeback housing season.
Shaw Beckett·
Business
The Fed Meets Tomorrow With Oil at $100 and No Good Options
The Federal Reserve begins its March meeting with crude oil above $100, inflation expectations climbing, and rate cut hopes fading. Here's why Chair Powell faces his toughest call in years.
Shaw Beckett·
Business
Gas Prices Could Hit Record Highs as G7 Unlocks Emergency Oil
G7 finance ministers are discussing a 300-400 million barrel emergency oil release as the Strait of Hormuz closure sends crude past $100 and gas prices toward historic levels.
Shaw Beckett·